facebook
Traded Co logo
Submit
Daily limit: 0/10

Totem Foods Leases Commercial Space To Driver And Vehicle Services In Brooklyn Center

Property Image
LEASED
Jim Rock
Suzanne Schefcik

Minnesota

See Similar Deals
Commercial8,330 SF
Leased 05/31/2024
the dealplayerscompscontact
Property Image
LEASED

Totem Foods Leases Commercial Space To Driver And Vehicle Services In Brooklyn Center

5501 North Xerxes Avenue

See Similar Deals
Commercial8,330 SF
Leased 05/31/2024
Jim Rock
Suzanne Schefcik
the dealplayerscompscontact
Contact now

Summary

MINNESOTA
Asset Type:Commercial
Price Per Square Foot:$0
Total Square Footage:8,330 SF
Transaction Type:Lease

The property at 5501 North Xerxes Avenue in Brooklyn Center, Minneapolis, with a size of 8,330 square feet, was leased by Totem Foods to transform a former Big O Tires building into a Driver and Vehicle Services (DVS) inspection station. The lease was facilitated by Avison Young, with Totem Foods securing the lease for the space.

Summary of transation details:

  • Property Type: Commercial
  • Transaction Amount: Not provided
  • Landlord: Totem Foods
  • Tenant: Driver and Vehicle Services (DVS)
  • Brokers: Jim Rock & Suzanne Schefcik - Avison Young

Jim Rock and Suzanne Schefcik from Avison Young's Minneapolis office represented Totem Foods in securing the lease for the property, with Driver and Vehicle Services (DVS) expected to occupy the space from September 2024. The leasing of this property aims to address the increasing demand for vehicle inspections due to supply chain challenges and high vehicle prices.

Players

Jim Rock
Avison Young
Jim Rock
3 deals$2.6M volume(651) 231-0728
BROKER
Suzanne Schefcik
Avison Young
Suzanne Schefcik
2 deals$2.6M volume(612) 202-8573
BROKER

Details

LEASED
IMAGE: 05/31/2024 ADDRESS: 5501 North Xerxes Avenue MARKET: Brooklyn Center, Minneapolis ASSET TYPE: Commercial ~ SF: 8,330 LANDLORD: Totem Foods TENANT: Driver and Vehicle Services (DVS) BROKERS: Jim Rock & Suzanne Schefcik - Avison Young NOTE: Avison Young facilitated a new 8,330 square-foot lease for Totem Foods at 5501 North Xerxes Ave. in Brooklyn Center, transforming a former Big O Tires building into a Driver and Vehicle Services (DVS) inspection station to meet increased demand. Represented by Jim Rock and Suzanne Schefcik from Avison Young's Minneapolis office, Totem Foods secured the lease, with DVS expected to occupy the space from September 2024, aiming to address surging demand for vehicle inspections amid supply chain challenges and high vehicle prices.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Effective Rent (Annual)

$477,470.57

Total Lease Value

$4,774,705.73

Net Landlord Cash Flow$477,470.57